We wouldn't blame Best Buy Co., Inc. (NYSE:BBY) shareholders if they were a little worried about the fact that Corie Barry, the CEO & Director recently netted about US$2.7m selling shares at an average price of US$64.02. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 7.5%.

Best Buy Insider Transactions Over The Last Year

The Founder & Chairman Emeritus, Richard Schulze, made the biggest insider sale in the last 12 months. That single transaction was for US$39m worth of shares at a price of US$72.95 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$63.21). So it may not shed much light on insider confidence at current levels.

Insiders in Best Buy didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Does Best Buy Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Best Buy insiders own 6.9% of the company, worth about US$874m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Best Buy Insider Transactions Indicate?

Insiders sold Best Buy shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But since Best Buy is profitable and growing, we're not too worried by this. It is good to see high insider ownership, but the insider selling leaves us cautious. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision.

But note: Best Buy may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.